Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.6 yrs |
|---|---|
| Avg HH Size | 2.18 |
| Below Poverty | 7.3% ▼ 27% below avg |
| College Grads | 28.3% ▼ 27% below avg |
| Unemployment | 6.8% ▲ 39% above avg |
| No HS Diploma | 25 (0.6%) |
| HS Graduate | 1,798 (43.2%) |
| Some College | 628 (15.1%) |
| Associates | 530 (12.7%) |
| Bachelors | 256 (6.2%) |
| Graduate Degree | 922 (22.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $90,869 ▲ 19% above avg |
|---|---|
| Median Home Value | $263,600 ≈ Avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,346/mo |
| Total Housing Units | 2,837 |
| Vacant Units | 222 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin is a city in New Jersey, located in Sussex County. The city spans 1 ZIP code and is home to approximately 5,746 residents. It is a mature city, with a median age of 50.6 years.
Economically, Franklin is a middle-income community. The median household income of $90,869 is above the national average. Approximately 7.3% of residents live below the poverty line. The unemployment rate is 6.8%, above the national average.
The real estate market in Franklin is a mid-range housing market. Median home values stand at $263,600, which is near the national average. Renters typically pay around $1,346 per month. Homeownership is high at 62.3%, typical of suburban and family-oriented communities.
The population of Franklin is moderately educated. 28.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (77.81%).
Franklin, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07416 | 5,746 | $90,869 | $263,600 | $1,346 | 6.8% | 28.3% | 62.3% |